During a panel discussion at LendIt Europe in London representatives from leading incumbent lenders Lloyds Banking Group (LBG), ING, BBVA, HSBC, and Barclays discussed the challenges faces in the new digital world; topics discussed include cultural transformation, more power in the customers hands and trying to stay on top of the latest tech trends. Source.
A study of around 15,000 consumers in 15 different countries by Dutch bank ING found that the British are wary...
A new report by Dutch bank ING says 69 percent of consumers expect their bank to provide the latest technology...
The Dutch bank is linking their small business customers to the marketplace lender Funding Options; the news also means that...
Leading Dutch bank ING is looking to take advantage of the possibilities of open banking with two new initiatives; in...
ING and Société Générale Corporate & Investment Banking presented a blockchain test prototype for oil trading at IP Week in London; the platform they have developed is called Easy Trading Connect and the prototype tested a live oil trade by global commodity trading group, Mercuria; the blockchain test proved significant advantages in speed, cost and risk benefits; overall the test found blockchain helpful in improving trading inefficiencies, specifically the exchange of physical documents globally; it also helped to reduce the bank's transaction time in the trading process to 25 minutes from three hours. Source
In the transaction on the blockchain platform, Credit Suisse and ING swapped securities totaling €25 million using the HQLAx Corda collateral lending application; doing transactions in this way increases regulatory transparency, reduces systemic and operational risk and helps companies manage capital efficiently. Source
Forbes partnered with market research firm Statista to measure the best banks in more than 20 countries by surveying more...
The new client house branch will allow retail, business and private banking customers to enjoy coffee and receive personal service; “A client house to me should feel like home,” comments Erik Van Den Eynden, CEO of ING Belgium, to Banking Technology; the branch has all the banks’ typical functions and meeting rooms complete with screens for video conferencing; the company will attempt to open about 15 by end of 2020. Source.
With the advent of open banking ING says they see themselves more as an intermediary within a financial services marketplace;...